Bitmine Immersion Technologies, Inc. a Bitcoin and Ethereum Network Company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + “moonshots” holdings totaling $13.2 billion.
As of December 28th at 6:00pm ET, the Company’s crypto holdings are comprised of 4,110,525 Ethereum at $2,948 per ETH (Coinbase), 192 Bitcoin (BTC), $23 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of $1.0 billion. Bitmine’s ETH holdings are 3.41% of the Ethereum supply (of 120.7 million ETH).
“Market activity tends to slow as we enter the final holiday weeks of a calendar year. The company added 44,463 Ethereum in the past week, as we continue to be the largest ‘fresh money’ buyer of ETH in the World.” said Thomas “Tom” Lee of Fundstrat, Chairman of Bitmine. “Year-end tax-loss related selling is pushing down crypto and crypto equity prices and this effect tends to be the greatest from 12/26 to 12/30, so we are navigating markets with this in mind.”
The company released a special Chairman’s message (link) encouraging the company’s stockholders to vote ahead of the upcoming annual stockholder meeting on January 15, 2026 (the “Annual Meeting”). There are 4 key proposals the company would like the stockholders to approve (see later section). “Our company benefits from the strong engagement and support of our stockholders and these 4 key proposals need your crucial ‘yes’ vote to enable us to achieve our ‘alchemy of 5%’ strategic plan,” said Tom Lee. “Bitmine sole focus remains creating stockholder value, achieving this by accretively acquiring Ethereum per share, optimizing yield and income on its ETH holdings, and strategically investing the balance sheet on ‘moonshots’ and leveraging the company’s strong community and market position to generate additional returns.”
The company is currently working with 3 staking providers as the company moves towards unveiling its commercial MAVAN (Made in America VAlidator Network) in 2026. As of December 28, 2025, Bitmine total staked Ethereum stands at 408,627 ($1.2 billion at $2,948 per ETH). This is a fraction of the 4.11 million ETH held by Bitmine. The CESR (composite Ethereum staking rate, administered by Quatrefoil) is 2.81%. “At scale (when The company’s Ethereum is fully staked by MAVAN and its staking partners), the ETH staking fee is $374 million annual (using 2.81% CESR), or greater than $1 million per day” stated Tom Lee.
The company crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (MSTR), which owns 671,268 BTC valued at $59 billion. Bitmine remains the largest ETH treasury in the world.
“We continue to make progress on our staking solution known as The Made in America Validator Network (MAVAN). This will be the ‘best-in-class’ solution offering secure staking infrastructure and will be deployed in early calendar 2026,” continued Lee.
The GENIUS Act and SEC’s Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The company is now one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $980 million (5-day average, as of December 26, 2025), ranking #47 in the US, behind Salesforce.com (rank #46) and ahead of General Electric (rank #48) among 5,704 US-listed stocks (statista.com and Fundstrat research).
